Moody Lynn & Lieberson LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Moody Lynn & Lieberson LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 19.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,782 shares of the retailer’s stock after purchasing an additional 2,262 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Walmart were worth $1,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. lifted its position in Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Royal Bank of Canada raised their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Bank of America raised their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, Telsey Advisory Group raised their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Stock Down 0.3 %

WMT stock opened at $83.05 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $667.58 billion, a P/E ratio of 43.18, a PEG ratio of 4.11 and a beta of 0.51. The business’s 50-day moving average price is $78.71 and its 200-day moving average price is $70.08.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,295,088 shares of company stock valued at $955,284,831. Corporate insiders own 45.58% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.